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New IDTechEx Report Outlines the Future of the Agricultural Robotics Industry

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IDTechEx has recently released “Agricultural Robotics Market 2022-2032“, a market research report exploring the technical and market factors that are shaping the emerging industry around agricultural robotics. This report is focused on key technologies (e.g., AI, sensors, GPS, imaging systems, etc.) and applications (weeding, harvesting, monitoring, etc.). It analyses recent challenges in the agriculture industry due to the COVID-19 pandemic and how robotics and technology developments will change the business of agriculture, enabling ultra-precision farming, helping to mitigate the challenges, and
maintaining sustainable developments.

The report develops a detailed roadmap of how these challenges have influenced the agriculture industry, what technologies have been widely applied as of today, what are the typical application areas of agricultural robots, and what makes different application areas have various maturity and technology readiness levels (TRL).

In particular, this report provides:

  • Agricultural robots’ categorization: Based on the technology and applications, the report categorizes agricultural robots into different types. For each type, a detailed chart was made to evaluate the technical difficulty and application value, thereby deciding its
    stage of development/commercialization.
  • Agricultural Robotics Market 2022-2032“, provides a generalized chart of the technical difficulty, application value, and level of adoption. Source: IDTechEx
  • Application assessment: Detailed application assessment covering 8 major application areas including weeding and pest control, robotic seeding, fully autonomous tractors, autonomous implement carriers, and platform robots, harvesting robots, drones, milking robots, and others. For each sector, the report outlines its current stage of development, technology progression, drivers and challenges (both technical and regulatory), and key products from active players in the market. The market size of each application is projected in the forecast chapter.
  • Technology assessment: Detailed technology assessment covering different products ranging from prototypes at the proof-of-concept phase to robots on a commercially available level. The report analyses the key technologies and components including sensors (e.g., cameras, LiDAR, Radar, etc.), imaging systems (e.g., hyperspectral imaging), end-effectors, AI, precision spraying, and many others. The technology assessment gives a holistic view of what components are more commonly used in different robots, how different components synergize to achieve the functionality, and the technical barriers when they work together.
  • Market analysis: Although there has been a wide range of agricultural robots designed for different specializations, they have different levels of maturities due to different business models, target crops, return on investment, and so on. This report analyses several business models and explains investors’ commercial challenges and concerns.
  • Company profiles: More than 30 interview-based full company profiles with detailed SWOT analysis, over 40 company profiles without SWOT analysis, and the works of more than 80 companies listed and summarised.
  • Market forecasts: Granular 10-year (2022 – 2032) segmented market forecast for 6 categories including milking robots, weeding and seeding robots, autonomous tractors and implement carrying robots, drones, harvesting robots, and other applications. The report also contains 2 additional forecasts covering the total market size and unit sales for autonomous tractors and implement tractors. The market forecasts are primarily segmented by regions, thereby helping you to understand which territory is expected to have the fastest growth. Meanwhile, some forecasts are segmented based on application areas. All our assumptions and data points are clearly explained in the report and
    Excel spreadsheet.

The adoption of agbots is determined by both technical difficulty and application value

Although the technologies can vary significantly depending on the tasks, IDTechEx summarizes them into three mainstream categories that are autonomous mobility, direct interaction, and indirect interaction. The report explains how IDTechEx categorizes agricultural robots into these three categories, as well as within each category, the barriers and timeline of development, and what drives the core demand of farmers.

A good example is weeding robots and harvesting robots. One of the fundamental factors causing differences in the popularity of these two robots is the demand. In agriculture, harvesting is typically only needed for a few months, therefore, farmers are less willing to invest too much to get a machine that can only be used for a short period. By contrast, weeding machines are much more popular because weeding is constantly needed throughout the year. For this reason, weeding robot is much more commercialized available than harvesting robots.

Forecast: Global market of agricultural robotics is projected to reach $7.88 billion by 2032

The global market for agricultural robots is forecast to reach $7.88 billion by 2032, with a CAGR of 13.09% compared with 2022. By 2032, Europe remains the largest market, followed by North America, APAC, South America, and MEA. North America and APAC are expected to have the quickest growth in the upcoming decade whereas Europe has the slowest growth.

Agricultural Robots Market Forecast by Region 2032. Source: IDTechEx – “Agricultural Robotics Market 2022-2032

To find out more about IDTechEx’s technical and commercial analysis of the agricultural robotics industry, please visit www.IDTechEx.com/agri. This report falls within the Food & AgTech research portfolio.

Upcoming IDTechEx Webinar:

Solutions to Modern Agriculture Issues – Agricultural Robotics Market Gaining Momentum

Yulin Wang, Technology Analyst at IDTechEx, will be presenting a free-to-attend webinar on the topic on Thursday 3 February 2022 – Solutions to Modern Agriculture Issues – Agricultural Robotics Market Gaining Momentum.

This webinar will include:

  • A summary of key challenges faced by the agriculture industry
  • The typical agricultural robotics applications, their level of development, and how IDTechEx categorizes them into three different themes
  • An overview of how technical difficulty and application value will affect commercialization and adoption
  • A discussion of key enabling technologies and components
  • An evaluation of the barriers in the agricultural robotics industry
  • An explanation of the technical forecasting chart of how IDTechEx sees the industry going in 10 years

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QNB Group appoints prominent actor Ahmed Helmy as Brand Ambassador

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DOHA, Qatar, May 4, 2024 /PRNewswire/ — QNB Group, the largest financial institution in the Middle East and Africa, is proud to announce the signing of renowned actor Ahmed Helmy as its new brand ambassador.

The announcement comes in line with the Group’s vision and the values of innovation and excellence reflected by its brand. Ahmed Helmy, one of the most influential artists of his generation in the region and humanitarian and artistic commitment, making him the ideal ambassador to consolidate brand values and contribute to the Group’s efforts to build a better future for all.

In his new role, Ahmed will strengthen the Bank’s image as a leading financial institution committed to providing the best customer experience, attracting a new customer base, supporting the Group’s vision and brand and building customer relationships.

Commenting on the announcement, Ms. Heba Ali Al Tamimi,  Senior Executive Vice President, QNB Group Communications, said: “We are delighted to welcome Ahmed Helmy as our brand ambassador. His exceptional career makes him the right personality to represent our brand. We hope that this collaboration will support QNB Group’s commitment to providing the best innovative solutions and services, reinforcing our position as a leading financial institution, while making a lasting impact in the communities in which we operate and strengthening the QNB’s position as a trusted financial partner in the region.”

This partnership reflects the shared values of Ahmed Helmy with QNB, a banking icon committed to the highest standards of innovation, excellence and success.

QNB Group currently ranks as the most valuable bank brand in the Middle East and Africa. Through its subsidiaries and associate companies, the Group’s presence spans more than 28 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 30,000, operating from approximately 900 locations, with an ATM network of 5000 machines.     

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QNB Group Logo

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REALTY ONE GROUP CELEBRATES 19TH ANNIVERSARY WITH GLOBAL ‘ONE DAY’ OF VOLUNTEERING & GIVING BACK

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Food Banks, Children, Veterans, Pets and Many More Benefit from the Global Franchisor’s Charitable ONE Day

LAGUNA NIGUEL, Calif., May 3, 2024 /PRNewswire/ — Realty ONE Group International, a modern, purpose-driven lifestyle brand and ONE of the fastest growing franchisors in the world, celebrate its May 1st anniversary – this year marks 19 years – with a day of volunteering and giving back across the globe. The ONE Family of U.S. real estate professionals from coast to coast as well as offices and affiliates in 20 more countries, generously donated thousands of hours on Wednesday helping children, veterans, food banks, pets and so many more.

Being a part of our ONE Family means we are driven to make a positive impact in our communities, helping each other whenever and wherever we can,” said Kuba Jewgieniew, CEO and Founder of Realty ONE Group International. “Giving back is in our DNA because we know that ONE act of kindness can change a life!”

The internet was flooded Wednesday with images of Realty ONE Group agents and entire offices handing out food, repairing homes, collecting backpacks, and serving in so many other ways. In less than 24 hours, with more locations still submitting volunteer impact forms, the franchisor impacted over 334,000 lives and donated more than $60,000 in just this ONE day.

Realty ONE Group’s ONE Cares, the 501(c)3 charitable arm of the organization, drives the ‘Community’ in the franchisor’s 6C’s values which also include Connect, Cares, Coaching, COOLTURE, and Commission. In 2023, the global franchisor transformed more than 200,000 lives.

Realty ONE Group International claimed the No. 1 spot for real estate franchisors for the third year in a row on Entrepreneur’s highly competitive 2024 Franchise 500® list. The only modern, lifestyle brand in the industry now has more than 19,000 real estate professionals in more than 400 locations in 49 U.S. states, Washington D.C. and 20 more countries and territories.

Learn more at www.OwnAOne.com.

About Realty ONE Group International
Realty ONE Group International is one of the fastest growing, modern, purpose-driven lifestyle brands in real estate whose ONE Purpose is to open doors across the globe – ONE home, ONE dream, ONE life at a time. The organization has rapidly grown to more than 19,000 real estate professionals in over 400 locations across 20 countries and territories because of its proven business model, full-service brokerages, dynamic COOLTURE, superior business coaching through ONE University, outstanding support and its proprietary technology, zONE. Realty ONE Group International has been named the number ONE real estate brand by Entrepreneur Magazine for three consecutive years and continues to surge ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.

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BIZCLIK MEDIA LAUNCHES MAY EDITION OF FINTECH MAGAZINE

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The May edition of FinTech Magazine includes an exclusive interview with Old Mutual’s May Govender and TruStage’s Danielle Sesko.

LONDON, May 3, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has published the latest edition of FinTech Magazine. This publication is a highly regarded voice within the Financial Sector for its in-depth reports and interviews with prominent figures in the industry.

FinTech Magazine

This month’s edition features an extensive lead report with May Govender, Chief Information Officer at Old Mutual, on how cloud migration drives the company’s transformation journey.

“As an insurance organisation, it’s imperative for us to stay abreast of these customer trends and meet their evolving expectations.”

The edition also contains extensive interviews with key thought leaders from Absa Group, TruStage, Woodruff Sawyer and more, and takes a look at the Top 10 digital wallets.

You can visit FinTech Magazine for daily news and analysis of the ever-changing financial industry.

About BizClik

BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.

BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.

For more information, please visit our website.

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